The forecast of the Bitcoin exchange rate on August 6 is written at quotations of 6980.
Quotes of BTC / USD are below the cloud Ichimoku Kinko Hyo, which indicates a downward trend in Bitcoin. However, we wrote about this in late July, when the Bitcoin exchange rate was still growing. You can see the forecast bitcoin for August.
The signal lines of the Ishimoku indicator also confirm the trend. The red fast signal line crossed the blue slow line from top to bottom at the end of last month, when the rate of the crypto currency was higher than 8000.
The closest level of support, and the goal, which we talked about in the forecast for August, is 6600.
The nearest resistance level is 7300. This is the previously broken down trend line, as well as the blue slow signal line of the Ishimoku indicator.
We do not exclude the testing of the resistance level before further depreciation of bitcoin. Or rather, not even so. We expect, with a high degree of probability, that such testing will take place. If an important line is broken, the price should show its importance when you return.
Thus, the BTC / USD forecast for the Bitcoin exchange rate on August 6 assumes a drop in the Bitcoin exchange rate to the level of 6600. But before that, there may be a short-term upward surge to 7300.